What I Am Reading

June 28 (Wednesday) Latest Morning Briefing Executive Summary: More AI & More Lithium AI is sparking a new industrial revolution that’s bound to transform business processes in every industry. But capitalizing on the promise may mean upgrading legacy IT systems in multiple corporate areas—launching a new technology capital spending cycle. Jackie looks at how companies in various industries are planning to leverage AI to their advantage. … Also: A more efficient way to extract the lithium that electric vehicles’ batteries use is under development. If direct lithium extraction proves viable, it could do for lithium production what fracking did for oil production. That could mean cheaper EVs, EVs with expanded driving range, or both. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on June 20. Markets S&P 500, Nasdaq edge higher on tech rally | R Cheaper Natural-Gas Prices in Store This Summer | W Central banks Powell says more ‘restriction’ is coming, including possibility of hikes at consecutive meetings | C Powell Says Rates Haven’t Been Restrictive Long Enough to Bring Inflation to Target | W Global Inflation hurts. But White House economists find that it’s even worse in every other G7 nation | NN US Mortgage demand grows, driven by sales of new homes | C President Biden’s (un)affordable housing policies | The Hill U.S. launches $7 billion program to bring solar to low-income households | R Why Bidenomics Gets No Love From Voters | W Choice of when to retire not tied to amount of retirement savings: report | C Finance is the No. 1 industry Gen Z wants to work in, says new research | C Trump is only Republican who will lose to Biden: Paul Ryan | C Asphalt-maker CRH faces ‘golden age,’ with green strings attached | C Industries & companies Media: Google Violated Its Standards in Ad Deals, Research Finds | W Pharma: Eli Lilly weight loss pill may best Pfizer, Novo Nordisk drugs | C Geopolitics & trade Putin Moves to Seize Control of Wagner’s Global Empire | W Wagner’s Prigozhin Planned to Capture Russian Military Leaders | W U.S. Sanctions Wagner’s Gold and Diamond Mining Operations | W U.S. Considers New Curbs on AI Chip Exports to China | W Nvidia’s chips fuel A.I. — Why the U.S. worries about China’s access | C Climate Green madness: You’d have to burn a pizza stove 849 years to equal one year of John Kerry’s private jet | P How Plastics Are Poisoning Us | The New Yorker Beyond markets How Greg Gutfeld on ‘Fox News’ Is Beating ‘The Tonight Show’ | N Exclusive: Nissan installed camera to monitor No. 2’s home, sources say | R

June 27 (Tuesday) Latest Morning Briefing Executive Summary: Europe, What A Drag! The Eurozone’s economic outlook has darkened, and we’re not nearly as bullish on European equities as one year ago. … The ECB’s interest rate hikes so far have triggered a technical recession, which is bound to worsen because the region’s stubbornly high inflation implies no end to the tightening in sight. … Other red flags: Analysts have been cutting consensus earnings estimates; high interest rates have depressed demand for business loans to 2008 levels; Europe’s energy resilience could be challenged this winter; and the GDP of Europe’s biggest economy, Germany, is projected to contract this year. … Risks associated with China trade present yet another headwind for the European economy. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on June 20. Markets The Stock Market Isn’t as Calm as It Seems | W Wall Street rebounds as upbeat economic data allays slowdown fears | R Column: Global exchange copper stocks sink to 15-year lows | R   Central banks ECB Likely to Hike Rates in July, Says Lagarde | W   US Home prices rose for third straight month in April: S&P Case-Shiller | C U.S. Home Prices Posted First Annual Decline Since 2012 in April | W   China Chinese Local Governments Used Fake Property Deals to Boost Revenues | W   Europe France conducts maiden test of hypersonic glider | R   India Column: India to extend time-of-use electricity tariffs | R Geopolitics & trade Exclusive: Russian firm asks Venezuela to match Chevron oil-for-debt deal | R Russia Set to Overtake Saudi Arabia in Battle for China’s Oil Market | W Russian Turmoil Shows a Forever War in Ukraine Hurts Putin | W Lawmakers visit Taiwan as Biden seeks China detente | C Industries & companies Autos: Ford Plans to Lay Off at Least 1,000 Contract, Salaried Workers | W Autos: Volvo adopts Tesla’s EV charging standard | C Pharma: The Drugs That Are Gaining On Ozempic | W Corporate finance Lordstown Motors RIDE files for bankruptcy, sues Foxconn | C Sequoia Made a Fortune Investing in the U.S. and China. Then It Had to Pick One. | W   Technology AI Promised to Make Jobs Easier. Workers Weren’t So Sure. | W A.I. May Someday Work Medical Miracles. For Now, It Helps Do Paperwork. | N Beyond markets Magic Mushrooms. LSD. Ketamine. The Drugs That Power Silicon Valley. | W

June 26 (Monday) Latest Morning Briefing Executive Summary: Baby Boomers Retiring On $75 Trillion In Net Worth There’s a $75 trillion-wide hole in the theory that consumers’ running out of pandemic savings will sink the economy; that’s the size of Baby Boomers’ collective nest egg. What these seniors don’t pass on to their heirs, they’ll be spending in their Golden Years. … More Boomers than not have retirement savings, reveals data on retirement account ownership by generation cohort, and many face mandatory distributions soon. … Also: The CEI and LEI are conflicted on the question of whether a recession is around the bend or not. We believe not, and investors are coming around to that view too. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on June 20. Markets S&P 500 and Nasdaq climb, shrugging off geopolitical uncertainties | R This Bull Market Is Just Getting Started, Traders Bet | W Column: Russian drama little immediate threat to crude oil, but adds to risks | R Central banks Central-Bank Action Finally Cooling Global Economy, Data Indicate | W Why Economies Haven’t Slowed More Since Fed and Others Hit the Brakes | W Jerome Powell and the Grateful Dead | W US ‘Elections are going to be a mess’ due to A.I.: Ex-Google CEO Schmidt | C Europe Southern Europe Swings to the Right | W Geopolitics & trade Why Wagner Chief Prigozhin Turned Against Putin | W Russia Tries to Restore Control, as Prigozhin Denies Trying to Oust Putin | W Industries & companies Pharma: No More Shots: Pill Versions of Ozempic-Like Drugs Are Coming | W Pharma: Novo Nordisk says high-dose obesity pill leads to 15% weight loss | C Pharma: Pfizer to end development of experimental obesity pill lotiglipron | C Restaurants: Diners Are Losing Patience With Restaurant Service—and There’s No Quick Fix | W Corporate finance Japan-backed fund to buy semiconductor firm JSR for $6.3 billion | C IBM to acquire software company Apptio for $4.6 billion | C Databricks Strikes $1.3 Billion Deal for Generative AI Startup MosaicML | W Beyond markets Why High-Powered People Are Working in Their 80s | W

June 24 (Saturday) Latest Morning Briefing Executive Summary: Transports & Batteries As consumers continue to celebrate their freedom from Covid with vacations and other experiences, spending less on tangible things, not only retailers have felt the sting—and not only last year. Transport companies continue to report less freight to haul, as FedEx’s recent earnings report illustrated. Jackie examines the S&P 500 Transportation industry’s demand problem. On the bright side, fuel costs have fallen, and analysts are optimistic about improved results next year. … And: When the solid-state batteries for EVs now being developed become commercialized, the much greater driving range they offer may be just the shove the EV market needs to take off. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on June 20. Markets Stocks Post Losing Week After Signs of Cooling Economy | W Companies without direct A.I. link try to ride the Wall Street craze | C Central banks ECB’s Makhlouf undecided about rate rise beyond July | R China China Dragon Boat Festival trips down 22.8% from pre-COVID levels -CCTV | R Geopolitics & trade Dictator Gets Upset When You Call Him a Dictator | W What is the Wagner Group, led by man accused of mutiny in Russia | C Apple’s Tim Cook and tech execs meet Indian Prime Minister Modi | C Industries & companies Airlines: Demand for Airliners Soars: ‘We Cannot Make Planes Fast Enough’ | W Financials: Car Insurance Rates Are Soaring With Little Relief in Sight | W Media: Harrison Ford Is 80. He’s Proof: Silver-Haired Stars Are the New Box-Office Gold. | W Technology Inside Sweetgreen’s first automated location, plans to take tech nationwide | C Corporate finance High interest rates, economic uncertainty boost corporate defaults | C IBM Nears $5 Billion Deal for Software Provider | W Janet Yellen Sees Bank Earnings Pressure, Mergers After March Crisis | W Climate As Canada’s wildfires intensify, recruiting firefighters is tougher | R Beyond markets The Moral Crisis of America’s Doctors | N Math, reading test scores drop | The Week U.S. intelligence agencies remain divided over likely Covid origin | C

June 23 (Friday) Latest Morning Briefing Executive Summary: Transports & Batteries As consumers continue to celebrate their freedom from Covid with vacations and other experiences, spending less on tangible things, not only retailers have felt the sting—and not only last year. Transport companies continue to report less freight to haul, as FedEx’s recent earnings report illustrated. Jackie examines the S&P 500 Transportation industry’s demand problem. On the bright side, fuel costs have fallen, and analysts are optimistic about improved results next year. … And: When the solid-state batteries for EVs now being developed become commercialized, the much greater driving range they offer may be just the shove the EV market needs to take off. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on June 20. Markets Dow falls 200 points as Wall Street heads for a losing week | C Central banks Central-Bank Action Finally Cooling Global Economy, Data Indicate | W Deepening economic pain leaves ECB in policy dilemma | R Exclusive: Fed’s Daly: two more US rate hikes a ‘very reasonable’ projection | R US Where’s the Recession We Were Promised? | W Higher Interest Rates Hit Home Prices Again | W Inflation Has Eased, but Economists Are Still Worried | N Forget the Cost of Living. What’s the Cost of Thriving in America? | W How much money it takes to be comfortable with emergency savings | C Europe Germany Is Dragging Down Europe’s Economy | W Geopolitics & trade Biden says ‘dictator’ comment won’t undermine US-China relationship | C Biden Plays Down Dictator Remark After China Reprimands U.S. Ambassador | W Drone Deal Will Help India Track Chinese Troops on Disputed Border | W U.S.-India relations: New chapter unlocks more tech and defense deals | C Industries & companies Autos: Ford Prepares New Round of Layoffs for U.S. Salaried Workers | W Energy: Siemens Energy shares plunge more than 30% as wind turbine worries deepen | C Financials: Goldman Sachs faces writedown on David Solomon’s GreenSky deal | C Healthcare: The Price of First Gene Therapy for Muscular Dystrophy: $3.2 Million | W Materials: 3M Settles ‘Forever Chemicals’ Litigation for Up to $12.5 Billion | W Retail: Shein, Temu evade U.S. tariff, human rights law imports: House report | C Technology Precision, a Neuralink competitor, conducts its first clinical study | C AI Isn’t Coming for Marketers’ Jobs—Not Yet, at Least | W Beyond markets Behind the Musk-Zuckerberg ‘Cage Match’ Is a Yearslong Billionaire Feud | W

June 22 (Thursday) Latest Morning Briefing Executive Summary: Transports & Batteries As consumers continue to celebrate their freedom from Covid with vacations and other experiences, spending less on tangible things, not only retailers have felt the sting—and not only last year. Transport companies continue to report less freight to haul, as FedEx’s recent earnings report illustrated. Jackie examines the S&P 500 Transportation industry’s demand problem. On the bright side, fuel costs have fallen, and analysts are optimistic about improved results next year. … And: When the solid-state batteries for EVs now being developed become commercialized, the much greater driving range they offer may be just the shove the EV market needs to take off. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on June 20. Markets Wall Street slips as Powell hints at further rate hikes | R TIPS Ladder Funds Don’t Yet Exist, but They Should | Morningstar Meta Platforms’ return to growth index highlights annual Russell refresh | R Central banks What a Fed Interest-Rate Pause Means for Your Money | W Powell expects more Fed rate hikes ahead as inflation fight ‘has a long way to go’ | C Fed’s Powell Says Higher Interest Rates Needed to Curb US Inflation | B Powell: Half-point of additional hikes a “good guess” of policy outcome | R Fed’s Powell Testifies in US House on Monetary Policy: 5 Key Takeaways | B Fed’s Raphael Bostic Says Bar to Justify Further Interest Rate Hikes Is Higher | B US Forget the Fed, and Focus on the Economy | W Weekly mortgage demand flat, interest rates drop for the third straight week | C Can I Buy a House? Listing Plummet as High Rates Tie Owners Down | B Teenagers are in high demand as summer hiring surge gets under way | C Chuck Schumer Joins Crowd Clamoring for AI Regulations | W Taxpayer experience in 2023 ‘vastly improved’ compared with 2022: Report | C Why Supreme Court hasn’t decided on Biden’s student loan forgiveness | C Europe German recession will be sharper than expected: Ifo | R European Business Confidence in China Falls to Record Low, Poll Shows | W India Modi’s Vision for India Rests On Six Giant Companies | W Geopolitics & trade Biden labels Chinese President Xi a dictator | C China Lashes Out at U.S. After Biden Calls Xi a Dictator | W Inside China’s spy war on American corporations | C U.S. Tracked Huawei, ZTE Workers at Suspected Chinese Spy Sites in Cuba | W Western Countries Look for More Ways to Help Fund Ukraine’s Reconstruction | W EU approves 11th sanctions package against Russia over Ukraine | R Ukraine offensive ‘slower than desired’, Zelenskiy says; Putin sees ‘lull’ | R Industries & companies Consumer: What Costco’s Baskets Reveal About Consumer Finances | W Consumer: FTC sues Amazon over ‘deceptive’ Prime sign-up and cancellation process | C Consumer: Amazon Prime Day 2023 sale runs July 11 and 12 | C Tech: Small tech companies are staying remote to attract workers, while Big Tech goes back to the office | Vox Technology ChatGPT Told Softbank’s Masayoshi Son His Ideas Are Great. Now He’s Investing Big in AI. | W US Warns of China’s IP-Theft ‘Playbook’ for AI, Advanced Tech | B Crypto Bitcoin Bonanza on Tap if BlackRock ETF Is Approved | W Beyond markets Pandemic Learning Slide Continues for 13-Year-Olds, Making Full Recovery Unlikely | W Supreme Court Justice Samuel Alito took ride on Paul Singer plane | C Listen to the music play: Fed Chair Jerome Powell admits to being a Deadhead | C Feds are buying your life with your tax dollars | P

June 21 (Wednesday) Latest Morning Briefing Executive Summary: Inflation Here & There High rates of US inflation are one of the pandemic’s many shockwaves. As these continue to recede, so should inflation—and without further Fed tightening. Goods inflation already has plummeted from 14.2% y/y at its peak to 0.6% in May. High rent inflation is buoying the headline CPI rate, but it should normalize as pandemic effects fade. … In Europe, elevated inflation rates are dropping as well, even though the war in Ukraine grinds on. … In China, inflation isn’t the problem; post-lockdown economic weakness is. The ailing property market doesn’t help. The PBOC is easing in response. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on June 20. Markets Stock-Market Rally Costs Bears $120 Billion | W S&P 500 ends lower, pausing rally with Powell testimony in view | R Wall Street Buys More T-Bills, Parks Less at Fed | W Central banks China’s Central Bank Cuts Loan Prime Rates | N China Cuts Borrowing Rates Again in Bid to Juice Recovery | W Today’s Rate Hikes Threaten to Push Up Tomorrow’s Housing Costs | W US New US home construction surges by most in 3 decades in May | R US Housing Starts Surged in May; Applications to Build Also Rose | B It’s official: Student loan payments will restart in October | C Chris Christie battles Trump with big donors on his side | C Hunter Biden to plead guilty to tax crimes, take gun charge deal | C Biden to meet with AI experts in San Francisco | C IRS weighs guidance for employee retention tax credit | C Europe EU Proposes $55 Billion Economic Support Package for Ukraine Over Four Years | W Geopolitics & trade Modi heads to US to deepen ties, says no doubting India’s position on Ukraine | R India’s Narendra Modi Sees Unprecedented Trust With U.S., Touts New Delhi’s Leadership Role | W Beijing Plans a New Training Facility in Cuba, Raising Prospect of Chinese Troops on America’s Doorstep | W Industries & companies Autos: Exclusive: Tesla standard: BTC Power joins move to add to EV chargers | R Autos: Why Tesla’s Stock Rally Doesn’t Make Sense—in Eight Charts | W Consumer: Amazon HQ2 is not matching original hype. Economy is partly to blame | C Retail: One-Percenters Keep Shopping at the Dollar Store | W Corporate finance Bed Bath & Beyond schedules separate auction for Buy Buy Baby assets | C Climate Europe Keeps Breaking Heat Records as Fastest-Warming Continent | B Texas Grid Urges Consumers to Limit Power Use as Heat Rises | B Crypto Bitcoin hits new high for June as more financial incumbents signal commitment to crypto | C Binance and SEC reach deal over U.S. assets, and Fidelity-backed exchange goes live: CNBC Crypto World Beyond markets U.S.-Funded Scientist Among Three Chinese Researchers Who Fell Ill Amid Early Covid-19 Outbreak | W Return to Office Enters the Desperation Phase | N Alibaba’s Daniel Zhang Will Leave Top Post, Replaced by Joseph Tsai | N

June 20 (Tuesday) Latest Morning Briefing Executive Summary: Hop, Skip & A Jump? The ranks of stock market bears are thinning as investors increasingly concede that no recession is on the horizon. Inflation will continue to drop, with positive—not negative—effects on earnings, we contend, because profit margins have been hurt—not helped—by high inflation. Lower inflation should boost margins and earnings. … The ranks of stock market bulls are growing, their case strengthened by broadening stock market leadership and more bullish sentiment. … Also: We don’t buy the argument that recession will descend once consumers spend their pandemic windfalls, for several reasons. … And: The latest economic releases support our rolling-recession-with-disinflation outlook. … Finally, Dr. Ed reviews “FDR” (+ + +). (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on June 12. Markets Bull market or fool’s market? Investors say the latter | NN Global Stocks Slip as China Stimulus Hopes Fade | W Hedge Funds’ Algorithms, Quant Bets Gaining Popularity in China | B Yen (JPY USD) Pressure Mounts With Trade-Weighted Gauge at Two-Decade Low | B Fuel-Efficient Planes, Sputtering China Rebound to Crimp Oil’s Key Demand Driver | B Global Why What We Thought About the Global Economy Is No Longer True | N Why Inflation Around the World Just Won’t Go Away | W Central banks ECB Officials Spar as Lane Rebuffs Talk of September Rate Hike | B China cuts two more key lending rates as economy sputters | C UK Interest Rates: BOE Faces Tricky Task Ahead of Next Decision, El-Erian Says | B The ‘hawkish’ Fed pause is a clear message that rates will stay higher for longer  | The Hill Goldman Sachs’s Advice to Clients Has Long Rejected ‘Easy’ Fed Notion | FO US Youngkin: Virginia has a better idea than Biden’s dangerous energy plan | P Japan Japan signed a critical minerals deal with the U.S. — but it’s still losing the global EV race | C Warren Buffett’s Big Bet on Japan Trading Firms Push Analyst Targets Up | B Geopolitics & trade Xi Tells Blinken ‘Very Good’ That Progress Made on US-China Ties | B Xi Jinping Meets Antony Blinken as U.S., China Resume High-Level Engagement | W Five Tools Europe Will Use to Counter China’s Geopolitical Rise | B Industries & companies Aerospace: Airbus wins record 500-plane order from India’s IndiGo | C Consumer: Why Amazon built HQ2 and how Covid pandemic reshaped it | C Energy: New Land Grab by Oil Giants Is Deep Underground | W Retail: Brands Wanted to Cut Out Stores. Not Anymore. | W Technology Airbnb CEO Brian Chesky: AI will make entrepreneurship easier | C   Beyond markets SVB Customers Who Lost Their Deposits Remain on the Hook for Loans | W

June 19 (Monday) Latest Morning Briefing Executive Summary: Hawkish Pause, Rotation & Tech The FOMC voted not to tighten further for now, as we had expected, and raised its real GDP projection for this year to 1.0%—suggesting a soft landing. … June has seen a dramatic rotation in stock market leadership: Tech has underperformed the S&P 500 this month to date after outperforming since October; the mtd performance winners are Consumer Discretionary and Materials, previous underperformers. Jackie unpacks why. … Also: A look at what’s been driving up valuations in various Tech sector industries. … And: Will genetically altering food to make it more delicious have unforeseen consequences? (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on June 12. Markets Stocks rally stalls, eyes Powell testimony for rate clues | R Tech-Stock Boom Pits AI Against the Fed | W Oil falls on China growth uncertainties | R Buy Freeport-McMoRan Stock. Copper Is the Future. | BR Global Fiscal policy in the rich world is mind-bogglingly reckless | E Central banks Fed, ECB, BoJ, PBOC: Central banks monetary policy decision are diverging | C The Fed May Be Leading or Following. Either Way, Rates Are Still Going Up. | BR US Boomers Got Hooked on Stocks. Now They Can’t Let Go. | W The South is fast becoming America’s industrial heartland | E   China I Consumption soft even amid deep discounts during major China shopping festival, analysts say | C Goldman joins Wall Street banks in cutting China’s growth outlook | C Exclusive: Japan regulator sounded out top domestic banks about China risks, sources say | R Analysis: China bankers told to shun flashy clothes, 5-star hotels in austerity drive | R China II Xi Jinping reaches into China’s ancient history for a new claim to rule | E Their parents made China the world’s factory. Can the kids save the family business? | R China’s tolerance for public oversight is limited | E Column: China stored massive volume of crude oil in May, giving it options | R These Businesses Are Getting Hit Hard by China’s Faltering Economic Recovery | W The crackdown on foreign firms will deter global business—and undermine China’s own interests | E Geopolitics & trade Joe Biden and Narendra Modi are drawing their countries closer | E America and China try to move past a new bump in relations | E Antony Blinken to meet China’s Xi Jinping in Beijing | C Industries & companies Retail: Shein Is the World’s Most Downloaded Shopping App. Why Aren’t Retailers Worried? | BR Media: ‘The Flash,’ ‘Elemental’ opening weekend box office disappointment | C Corporate finance SVB Securities to Be Acquired in Management Buyout | W Technology Supply chains: How AI could ‘remove all human touchpoints’ | C AI voice clones are coming for the Amazon, Apple, Google audiobook | C How ChatGPT could help teachers and lower the cost of college | E France makes push to be Europe’s A.I. hub setting up U.S. challenge | C How Britain can become an AI superpower | E

June 17 (Saturday) Latest Morning Briefing Executive Summary:  Hawkish Pause, Rotation & Tech The FOMC voted not to tighten further for now, as we had expected, and raised its real GDP projection for this year to 1.0%—suggesting a soft landing. … June has seen a dramatic rotation in stock market leadership: Tech has underperformed the S&P 500 this month to date after outperforming since October; the mtd performance winners are Consumer Discretionary and Materials, previous underperformers. Jackie unpacks why. … Also: A look at what’s been driving up valuations in various Tech sector industries. … And: Will genetically altering food to make it more delicious have unforeseen consequences? (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on June 12. Markets Stock Bulls Are Acting Like the Earnings Recession Is a Hoax | B S&P 500 Finishes Higher for Fifth Straight Week | W It’s Too Soon to Say Whether This Is a Bull Market, but Invest Anyway | N Currencies A Bank China Built to Challenge the Dollar Now Needs the Dollar | W US Keeps China on FX Watchlist, Without Designating Currency Manipulators | B Central banks China’s Pivot on Stimulus Spurred by Fear That the Slowdown Could Get a Lot Worse | W Global The Global Economy Looks Like It’s Out of Sync | W US How lower gas prices can help travelers save this summer | C Geopolitics & trade Putin Screens Show of WWII Massacres at Forum to Justify His War | B Putin Promotes Russia’s Economy and Hints Again at Using Nuclear Weapons | W Awaiting Antony Blinken in Beijing: Chinese Blame-Shifting | W U.S. Grapples With Potential Threats From Chinese AI | W Industries & companies Autos: Elon Musk: Tesla’s market cap is tied to solving autonomous driving | C Autos: Converting gas-powered cars to EVs is a booming business | C Autos: Toyota defies skeptics as stock seals best week since 2009 | C Energy: Drilling Stocks Plunge on Bets for Oil Price Slump | W Retail: Retailers Are Trying to Fix Their Supply-Chain Forecasts | W Tech: Amazon re:MARS robotics and AI conference not happening in 2023 | C Corporate finance Exclusive: Ball Corp explores sale of aerospace unit for more than $5 billion | R Beyond markets U.S. Energy Dept gets two ransom notices as MOVEit hack claims more victims | R These Pandemic-Era Habits Just Won’t Die | W